What is a Line of Credit?

A Line of Credit allows you to scale faster, improve your bottom line, and increase your profitability. With SellerFi’s Line of Credit solution, you can increase your marketing and advertising limits, expand to new markets, and/or stock up your inventory. There are no restrictions on business use cases for your funds.

The Line of Credit solution offers limits of $450,000+ based on your business size and performance (among other factors), with up to 24-month terms. 

Clients have the flexibility to withdraw funds as needed (so long as the amount withdrawn complies with the ranges as shown in Table 1 below). Each withdrawal is considered a separate loan and will have a term between 3-24 months, as selected by the seller, and subject to SellersFi approval. Interest rates range from as low as 9.99% to 24.99% APR and interest-only payment options may be available. 

For example: 

Based on your business performance, your business may be approved for a Line of Credit with a $450,000 limit. Upon approval by SellersFi, you may request withdrawals within the approved limit, subject to Table 1 below. Each withdrawal will have its own repayment schedule, ranging between 3-24 months. 

Table 1 - Withdrawal thresholds

State	Initial withdrawals	Subsequent withdrawals
New York:	$50,000+	$50,000+
Oregon	$50,000+	$50,000+
Pennsylvania	$50,000+	$50,000+
Other States	$25,000+	$25,000+
North Dakota:	Currently, we can't provide funding for businesses registered here.
South Dakota:	Currently, we can't provide funding for businesses registered here.
Vermont:	Currently, we can't provide funding for businesses registered here.